27 Apr 2023
High hopes for biodiversity, but who will pay?
The world is in the middle of the sixth mass extinction and this time it's being driven by human activity. Slowing it down will provide benefits for tackling climate change, and solutions to reign in global warming will help stem biodiversity loss. But this win-win scenario isn't straightforward to put into action.
In December, world leaders gathered at COP15 in Montreal and agreed upon a new global biodiversity framework, with 23 targets including a goal of protecting 30% of all land, waters and oceans by 2030. The details on how that target will be implemented, however, are vague, and vast amounts of money will be needed to fund nature protection in biodiversity-rich, economically poor countries.
Akshat Rathi speaks with Rebecca Shaw, chief scientist at the World Wildlife Fund; Monica Medina, the US assistant secretary of state for oceans and international environmental and scientific affairs; and Bloomberg Green’s Eric Roston, about what it means to protect biodiversity, and who will fund it.
Read a transcript of this episode, here.
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